Declared Dividend • May 19
First half dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Bic Camera Inc. to Report Q3, 2026 Results on Jul 14, 2026 Bic Camera Inc. announced that they will report Q3, 2026 results on Jul 14, 2026 Reported Earnings • Apr 11
Second quarter 2026 earnings released: EPS: JP¥38.70 (vs JP¥36.21 in 2Q 2025) Second quarter 2026 results: EPS: JP¥38.70 (up from JP¥36.21 in 2Q 2025). Revenue: JP¥269.7b (up 5.6% from 2Q 2025). Net income: JP¥6.63b (up 6.9% from 2Q 2025). Profit margin: 2.5% (up from 2.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 10
Now 22% undervalued Over the last 90 days, the stock has risen 3.7% to JP¥1,768. The fair value is estimated to be JP¥2,262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Announcement • Apr 03
Bic Camera Inc. to Report Q2, 2026 Results on Apr 10, 2026 Bic Camera Inc. announced that they will report Q2, 2026 results on Apr 10, 2026 Buy Or Sell Opportunity • Mar 03
Now 21% undervalued Over the last 90 days, the stock has risen 12% to JP¥1,736. The fair value is estimated to be JP¥2,202, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Reported Earnings • Jan 15
First quarter 2026 earnings released: EPS: JP¥26.11 (vs JP¥16.39 in 1Q 2025) First quarter 2026 results: EPS: JP¥26.11 (up from JP¥16.39 in 1Q 2025). Revenue: JP¥238.7b (up 6.5% from 1Q 2025). Net income: JP¥4.47b (up 59% from 1Q 2025). Profit margin: 1.9% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 11
Final dividend increased to JP¥20.00 Dividend of JP¥20.00 is 11% higher than last year. Ex-date: 26th February 2026 Payment date: 19th May 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Bic Camera Inc. to Report Q1, 2026 Results on Jan 14, 2026 Bic Camera Inc. announced that they will report Q1, 2026 results on Jan 14, 2026 Reported Earnings • Oct 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥102 (up from JP¥81.25 in FY 2024). Revenue: JP¥974.5b (up 5.6% from FY 2024). Net income: JP¥17.5b (up 26% from FY 2024). Profit margin: 1.8% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Aug 09
Bic Camera Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025 Bic Camera Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025 Reported Earnings • Jul 13
Third quarter 2025 earnings released: EPS: JP¥35.81 (vs JP¥29.21 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.81 (up from JP¥29.21 in 3Q 2024). Revenue: JP¥250.4b (up 4.3% from 3Q 2024). Net income: JP¥6.13b (up 23% from 3Q 2024). Profit margin: 2.4% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 20
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 28th August 2025 Payment date: 25th November 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 09
Bic Camera Inc. to Report Q3, 2025 Results on Jul 11, 2025 Bic Camera Inc. announced that they will report Q3, 2025 results on Jul 11, 2025 Reported Earnings • Apr 12
Second quarter 2025 earnings released: EPS: JP¥36.21 (vs JP¥24.78 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.21 (up from JP¥24.78 in 2Q 2024). Revenue: JP¥255.3b (up 7.7% from 2Q 2024). Net income: JP¥6.20b (up 46% from 2Q 2024). Profit margin: 2.4% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Bic Camera Inc. to Report Q2, 2025 Results on Apr 11, 2025 Bic Camera Inc. announced that they will report Q2, 2025 results on Apr 11, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥76.04 to JP¥88.93. Revenue forecast steady at JP¥946.3b. Net income forecast to grow 0.4% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,490 to JP¥1,700. Share price was steady at JP¥1,684 over the past week. Price Target Changed • Feb 05
Price target increased by 15% to JP¥1,700 Up from JP¥1,477, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,634. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥88.93 for next year compared to JP¥81.25 last year. Reported Earnings • Jan 15
First quarter 2025 earnings released: EPS: JP¥16.39 (vs JP¥7.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.39 (up from JP¥7.67 in 1Q 2024). Revenue: JP¥224.2b (up 6.5% from 1Q 2024). Net income: JP¥2.81b (up 114% from 1Q 2024). Profit margin: 1.3% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Declared Dividend • Dec 19
Final dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 27th February 2025 Payment date: 19th May 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 22
Bic Camera Inc. to Report Q1, 2025 Results on Jan 14, 2025 Bic Camera Inc. announced that they will report Q1, 2025 results on Jan 14, 2025 New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Oct 17
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥81.25 (up from JP¥17.15 in FY 2023). Revenue: JP¥922.6b (up 13% from FY 2023). Net income: JP¥13.9b (up 374% from FY 2023). Profit margin: 1.5% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Bic Camera Inc., Annual General Meeting, Nov 21, 2024 Bic Camera Inc., Annual General Meeting, Nov 21, 2024. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.5%). Price Target Changed • Aug 20
Price target increased by 8.6% to JP¥1,477 Up from JP¥1,360, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥1,699. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥59.95 for next year compared to JP¥17.15 last year. Major Estimate Revision • Aug 20
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥905.9b to JP¥917.1b. EPS estimate increased from JP¥49.40 to JP¥59.95 per share. Net income forecast to grow 27% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,360 to JP¥1,477. Share price rose 6.1% to JP¥1,699 over the past week. Announcement • Aug 09
Bic Camera Inc. to Report Fiscal Year 2024 Results on Oct 11, 2024 Bic Camera Inc. announced that they will report fiscal year 2024 results at 12:00 PM, Tokyo Standard Time on Oct 11, 2024 Buy Or Sell Opportunity • Jul 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥1,770. The fair value is estimated to be JP¥1,456, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Jul 15
Third quarter 2024 earnings released: EPS: JP¥29.21 (vs JP¥2.41 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.21 (up from JP¥2.41 in 3Q 2023). Revenue: JP¥240.2b (up 17% from 3Q 2023). Net income: JP¥5.00b (up JP¥4.59b from 3Q 2023). Profit margin: 2.1% (up from 0.2% in 3Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 13
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥904.2b to JP¥914.4b. EPS estimate increased from JP¥48.51 to JP¥56.20 per share. Net income forecast to grow 129% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,323 to JP¥1,360. Share price rose 6.0% to JP¥1,578 over the past week. Price Target Changed • Jun 21
Price target increased by 7.0% to JP¥1,323 Up from JP¥1,237, the current price target is an average from 3 analysts. New target price is 12% below last closing price of JP¥1,509. Stock is up 42% over the past year. The company is forecast to post earnings per share of JP¥48.51 for next year compared to JP¥17.15 last year. Announcement • May 20
Bic Camera Inc. to Report Q3, 2024 Results on Jul 12, 2024 Bic Camera Inc. announced that they will report Q3, 2024 results on Jul 12, 2024 Reported Earnings • Apr 14
Second quarter 2024 earnings released: EPS: JP¥24.78 (vs JP¥20.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.78 (up from JP¥20.80 in 2Q 2023). Revenue: JP¥237.0b (up 10.0% from 2Q 2023). Net income: JP¥4.24b (up 19% from 2Q 2023). Profit margin: 1.8% (in line with 2Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Announcement • Feb 11
Bic Camera Inc. to Report Q2, 2024 Results on Apr 12, 2024 Bic Camera Inc. announced that they will report Q2, 2024 results on Apr 12, 2024 Reported Earnings • Jan 14
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥7.67 (up from JP¥3.77 in 1Q 2023). Revenue: JP¥210.5b (up 9.5% from 1Q 2023). Net income: JP¥1.31b (up 103% from 1Q 2023). Profit margin: 0.6% (up from 0.3% in 1Q 2023). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 156%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Price Target Changed • Dec 23
Price target increased by 12% to JP¥1,203 Up from JP¥1,075, the current price target is an average from 4 analysts. New target price is 8.8% below last closing price of JP¥1,319. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of JP¥46.14 for next year compared to JP¥17.15 last year. Announcement • Nov 17
Bic Camera Inc. to Report Q1, 2024 Results on Jan 12, 2024 Bic Camera Inc. announced that they will report Q1, 2024 results on Jan 12, 2024 Announcement • Oct 13
Bic Camera Inc., Annual General Meeting, Nov 22, 2023 Bic Camera Inc., Annual General Meeting, Nov 22, 2023. Reported Earnings • Oct 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥17.15 (down from JP¥33.21 in FY 2022). Revenue: JP¥815.6b (up 2.9% from FY 2022). Net income: JP¥2.94b (down 49% from FY 2022). Profit margin: 0.4% (down from 0.7% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 11
Consensus EPS estimates fall by 29% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥34.77 to JP¥24.75 per share. Revenue forecast steady at JP¥812.7b. Net income forecast to grow 257% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target broadly unchanged at JP¥1,058. Share price was steady at JP¥1,107 over the past week. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 20 November 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (1.4%). Announcement • Aug 10
Bic Camera Inc. to Report Fiscal Year 2023 Results on Oct 11, 2023 Bic Camera Inc. announced that they will report fiscal year 2023 results on Oct 11, 2023 Price Target Changed • Jul 26
Price target decreased by 8.8% to JP¥1,068 Down from JP¥1,170, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,063. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of JP¥39.86 for next year compared to JP¥33.21 last year. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥50.68 to JP¥41.32 per share. Revenue forecast steady at JP¥818.0b. Net income forecast to grow 305% next year vs 11% growth forecast for Specialty Retail industry in Japan. Consensus price target down from JP¥1,170 to JP¥1,135. Share price was steady at JP¥1,068 over the past week. Reported Earnings • Jul 16
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥2.41 (down from JP¥19.73 in 3Q 2022). Revenue: JP¥204.8b (flat on 3Q 2022). Net income: JP¥412.0m (down 88% from 3Q 2022). Profit margin: 0.2% (down from 1.7% in 3Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 17
Bic Camera Inc. to Report Q3, 2023 Results on Jul 11, 2023 Bic Camera Inc. announced that they will report Q3, 2023 results on Jul 11, 2023 Reported Earnings • Apr 13
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: JP¥20.80. Revenue: JP¥215.5b (up 1.0% from 2Q 2022). Net income: JP¥3.56b (flat on 2Q 2022). Profit margin: 1.7% (in line with 2Q 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Japan. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%). Announcement • Feb 19
Bic Camera Inc. to Report Q2, 2023 Results on Apr 11, 2023 Bic Camera Inc. announced that they will report Q2, 2023 results on Apr 11, 2023 Reported Earnings • Jan 12
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥3.77 (down from JP¥6.87 in 1Q 2022). Revenue: JP¥192.2b (up 7.4% from 1Q 2022). Net income: JP¥645.0m (down 47% from 1Q 2022). Profit margin: 0.3% (down from 0.7% in 1Q 2022). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Nov 19
Bic Camera Inc. to Report Q1, 2023 Results on Jan 11, 2023 Bic Camera Inc. announced that they will report Q1, 2023 results on Jan 11, 2023 Reported Earnings • Oct 13
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥33.21 (down from JP¥49.80 in FY 2021). Revenue: JP¥792.4b (down 5.0% from FY 2021). Net income: JP¥5.77b (down 34% from FY 2021). Profit margin: 0.7% (down from 1.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Sep 20
Price target increased to JP¥1,193 Up from JP¥1,095, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,188. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥56.60 for next year compared to JP¥49.80 last year.